综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

WORLD> America
Bernanke: US economy on cusp of recovery
(Agencies)
Updated: 2009-08-21 23:19

Bernanke: US economy on cusp of recovery
In this July 22, 2009 file photo, Chairman of the Federal Reserve Ben Bernanke testifies before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill in Washington. [Agencies]

The Fed swooped in with unprecedented emergency lending programs to fight the crisis. It eventually slashed a key bank lending rate to a record low near zero. And Congress enacted programs to stimulate the economy, the most recent coming in February with President Barack Obama's $787 billion package of tax cuts and increased government spending.

"Without these speedy and forceful actions, last October's panic would likely have continued to intensify, more major firms would have failed and the entire global financial system would have been at serious risk," Bernanke said.

Unlike in the 1930s, Washington policymakers this time acted aggressively and quickly to contain the crisis, said Bernanke, a scholar of the Great Depression.

Related readings:
Bernanke: US economy on cusp of recovery US economy 'out of emergency room'
Bernanke: US economy on cusp of recovery Japan's economy returns to growth in Q2
Bernanke: US economy on cusp of recovery France's economy grows 0.3 percent in Q2
Bernanke: US economy on cusp of recovery Fed signals vote of confidence in economy

Bernanke: US economy on cusp of recovery Obama: Health care reform essential for rebuilding US economy

"As severe as the economic impact has been, however, the outcome could have been decidedly worse," he said.

Global cooperation in battling the crisis was crucial, with central banks slashing interest rates and the US and other governments delivering fiscal stimulus, he noted.

"The crisis in turn sparked a deep global recession, from which we are only now beginning to emerge," the Fed chief observed.

Sponsored by the Federal Reserve Bank of Kansas City, the conference draws a virtual who's who of the financial world -- Bernanke's counterparts in other countries, academics and economists. This year's forum focused on lessons learned from the crisis and how they can be applied to prevent a repeat of the debacles.

To that end, Bernanke again called a rewrite of the US financial rule book -- something Congress is currently involved in. He again pressed for stricter oversight of companies -- like AIG -- whose failure would endanger the entire financial system and the broader economy. Obama would tap the Fed for that job, something many lawmakers in Congress don't like.

Bernanke also said the US needs a process to wind down big, globally interconnected companies, much like the Federal Deposit Insurance Corp. does for failing banks.

   Previous page 1 2 Next Page  

阜城县| 东莞市| 清丰县| 大足县| 霍林郭勒市| 建昌县| 舟曲县| 郁南县| 峨边| 洞头县| 富民县| 伊春市| 景德镇市| 平安县| 九寨沟县| 南通市| 维西| 本溪| 珲春市| 潜山县| 抚松县| 天津市| 江北区| 房产| 砚山县| 南溪县| 吉林省| 凤冈县| 鄂托克前旗| 皮山县| 郴州市| 当阳市| 工布江达县| 汝南县| 沭阳县| 五峰| 松阳县| 高雄县| 连云港市| 岗巴县| 巴林左旗|